Philip James Wealth Mangement LLC Invests $328,000 in The Toronto-Dominion Bank (NYSE:TD)

Philip James Wealth Mangement LLC acquired a new stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,162 shares of the bank's stock, valued at approximately $328,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dunhill Financial LLC boosted its position in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after buying an additional 249 shares during the period. Versant Capital Management Inc boosted its position in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after acquiring an additional 200 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Toronto-Dominion Bank during the 4th quarter worth $58,000. Morse Asset Management Inc acquired a new position in Toronto-Dominion Bank during the 3rd quarter worth $63,000. Finally, Eastern Bank acquired a new position in Toronto-Dominion Bank during the 3rd quarter worth $66,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD traded up $0.25 on Thursday, reaching $60.38. 926,886 shares of the company traded hands, compared to its average volume of 2,722,512. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company's 50 day moving average is $55.77 and its 200-day moving average is $57.49. The stock has a market capitalization of $105.68 billion, a PE ratio of 17.40, a P/E/G ratio of 1.94 and a beta of 0.84. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a dividend of $0.7482 per share. This represents a $2.99 annualized dividend and a dividend yield of 4.96%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank's dividend payout ratio is currently 84.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays downgraded shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Royal Bank of Canada reduced their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research note on Friday, December 6th. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, StockNews.com raised Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.